Tag: central

Brazil central bank picks digital real challenge partners

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Brazil central bank picks digital real challenge partners

Brazil's central bank has picked project proposals from nine firms – including Santander, Visa and Bitcoin Market – for a challenge investigating the development of a CBDC.

Challenges & Downsides of Central Bank Digital Currency (CBDC) Use


In this Fintech Intellect Quick Take, Joel Telpner describes some of the challenges and downsides associated with Central Bank Digital Currencies.

View the entire Fintech Intellects interview with Joel at www.FintechIntellects.com

Also, Joel will be presenting more information about Central Bank Digital Currencies at the next U.S. Fintech Symposium: www.FintechSymposium.com

Central Bank Digital Currency (CBDC) Panel with Federal Reserve Board and European Central Bank


At Ripple Swell 2020, Georgetown Law’s Chris Brummer hosted a panel on Central Bank Digital Currencies (CBDCs) featuring David Mills of the Federal Reserve Board and Ulrich Bindseil of the European Central Bank.

The discussion focused on CBDCs based upon both Binseil and Mills perspectives as economists who have decades long experience in monetary policy and payments. The two also provided perspective on how far away CBDC implementation really is.

To learn more about this session and to get the latest updates from Swell, visit Ripple.com/insights.

Nigeria Has Launched Its Central Bank Digital Currency, the eNaira


Nigeria, which has one of the world’s highest cryptocurrency adoption rates, has become the first African nation to launch its own central bank digital currency (CBDC) as President Muhammadu Buhari formally launched the eNaira.

To find out more visit Forkast.News: https://forkast.news/headlines/nigeria-first-african-country-launch-cbdc/

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#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #eNaira #Nigeria #CBDC #DigitalCurrency #Shorts #Africa #CentralBankDigitalCurrency #Naira #Technology #Digital
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Talking Central Bank Digital Currency at DAVOS 2022


Top Central Bankers, IMF chief and others jaw-jaw on CBDC versus Other Cryptos, Impact and More.

BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

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BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for foreign exchange transactions across borders, as part of Project mBridge.

Project Helvetia: Delivery versus payment with w-CBDC (PoC1)


Project Helvetia, a joint proof-of-concept experiment between the Bank for International Settlements’ Innovation Hub Swiss Centre, the Swiss National Bank and the financial infrastructure operator SIX Group, successfully shows the feasibility of integrating tokenised digital assets and central bank money. https://www.bis.org/publ/othp35.htm

Exploring Cross-Border Use Cases of CBDCs


105 countries are exploring a potential CBDC, according to The Atlantic Council. CoinDesk Executive Director of Global Content Emily Parker discusses the latest developments on cross-border use cases of central bank digital currencies (CBDCs).

Improving cross-border payments – should central banks leave it to the private sector?


The session sheds light on efforts to improve cross-border payments and the role of the public and the private sector in this process.

The session was part of the BIS Innovation Summit 2022: https://www.bis.org/events/bis_innovation_summit_2022/overview.htm

Speakers: Thomas Jordan (Chairman of the Governing Board, Swiss National Bank), Sir Jon Cunliffe (Deputy Governor, Bank of England), Tony McLaughlin (Managing Director, CITI) and Catherine Gu (Head of CBDC, Digital Currency, Visa).

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Project Jura – Cross-border settlement using wholesale CBDC


Jura explores the direct transfer of euro and Swiss franc wholesale central bank digital currencies (wCBDCs) between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades are settled safely and efficiently using payment versus payment (PvP) and delivery versus payment (DvP) mechanisms. https://www.bis.org/about/bisih/topics/cbdc/jura.htm

Central banks develop prototypes for cross-border CBDC interoperability

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Central banks develop prototypes for cross-border CBDC interoperability

The Bank for International Settlements and the central banks of Australia, Malaysia, Singapore and South Africa have developed two prototypes for a shared platform that could enable international settlements using digital currencies issued by multiple central banks.

China’s CBDC Gets a New Trick! Interoperability: It can now exchange with other CBDCs.


The “Multiple CBDC Bridge” is the final piece of the China CBDC puzzle and brings us one-step closer to free and immediate CBDC transfer.

Hong Kong Monetary Authority, PBOC, Bank of Thailand and Bank of UAE and the BIS Innovation Team building transfer bridge for CBDCs called m-CBDC.

m-CBDC connects China’s CBDC with trial CBDCs from UAE and Thailand. Technically tricky because CBDCs all use custom tech.

Let’s break this down as to why this is important:

1) Interoperability makes for free and immediate cash transfer. The utopian dream realized?

2) UAE and Thailand are both BRI countries and already trade in RMB

3) Network is DLT so blockchain fans rejoice

4) Signals the end of bank cash transfer revenue

5) Is Hong Kong the new international transfer center for China’s CBDC?

6) RMB internationalization continues. No SWIFT no $US in use.

7) Will m-CBDC be open to all CBDCs? Its likely, also likely there will be many different transfer centers. US center vs. China center.

So will the DLT network run on China’s new Blockchain Service Network? If so China just built critical financial infrastructure.

International transfer of China’s CBDC is taking shape.

See the plan?

Thanks for reading, please like, comment and connect with me for more on China’s #fintech #innovation and #technology

Options for access to and interoperability of CBDCs for cross-border payments


Central banks must make critical choices on the access of non-residents and foreign financial institutions to central bank digital currencies (CBDCs), as well as ensuring multinational interoperability, to fully harness the potential for CBDCs to enhance cross-border payments. This is the main conclusion of a joint report released by the BIS Committee on Payments and Market Infrastructures, The BIS Innovation Hub, the IMF and the World Bank. https://www.bis.org/publ/othp52.htm

Central bank digital currencies, digital payments, and the future of money


Speakers discuss plans and challenges for the digital payments era and explore what the future might bring for money and payments from the perspectives of the private and public sectors.

This session is part of the BIS Innovation Summit 2022: https://www.bis.org/events/bis_innovation_summit_2022/overview.htm

Speakers: Stefan Ingves (Governor, Sveriges Riksbank), Patrick Njoroge (Governor, Central Bank of Kenya), Gary Gorton (Professor, Yale University) and Jose Antonio Alvarez (Chief Executive Officer, Santander Group).

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Project mCBDC Bridge


Bénédicte Nolens, Head of BIS Innovation Hub Centre Hong Kong, discusses Project mCBDC Bridge and its aim to leverage distributed ledger technology to alleviate the current pain points in making cross-border fund transfers. https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm